No wonder the world’s top firms have been bulking up in litigation and arbitration. Since 2011 the total revenue generated by the top 50 litigation firms has grown by $1.5bn (£900m) – a rise of 14 per cent over the period. Since 2008, when we began tracking global litigation revenue, the total has grown by 25.5 per cent, from $19.389bn to this year’s $24.35bn.
And it’s the US firms which top the list, dominating this year’s list of global litigation firms. Quinn Emanuel posted another double-digit rise in fee income in 2012, with the litigation boutique’s disputes-related fee income rising by 15.4 per cent last year, from $724m to $835.5m.
The firm has climbed consistently up the rankings from joint 21st in 2008, with litigation revenue of $385m, to fifth this year ($835.5m). That is a 117 per cent rise in five years.
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